Core Viewpoint - The share price of CTO Realty Growth, Inc. significantly declined following allegations from Wolfpack Research regarding misleading statements about dividend sustainability and questionable financial practices [1][4]. Group 1: Allegations and Investigations - Wolfpack Research published a report accusing CTO of misleading investors about its dividend sustainability and engaging in dubious financial activities, leading to a decline in share price [1][4]. - Hagens Berman, a national shareholders rights firm, has initiated an investigation into CTO's practices and potential violations of securities laws, urging affected investors to come forward [2][3]. - The investigation focuses on CTO's adherence to accounting rules and the use of non-GAAP accounting metrics, particularly concerning the quality of its real estate portfolio and reported asset values [3][5]. Group 2: Financial Practices and Management - Wolfpack's report claims that CTO's management has misrepresented the quality of its properties, highlighting that some are in extreme financial distress and that the company relies on dilution to cover a $38 million dividend shortfall [4][5]. - The report criticizes CTO's definition of Adjusted Funds From Operation (AFFO), stating it excludes recurring capital expenditures, which is not consistent with industry peers, and suggests that management has inflated performance bonuses by $8 million [5][8]. - Allegations include misleading investors about dividend sustainability while enriching management and engaging in questionable accounting practices, such as using a sham loan to mask a tenant's failure [8].

Core Viewpoint - The share price of CTO Realty Growth, Inc. significantly declined following allegations from Wolfpack Research regarding misleading statements about dividend sustainability and questionable financial practices [1]. Group 1: Allegations and Investigations - Hagens Berman, a national shareholders rights firm, has initiated an investigation into CTO Realty Growth, Inc. to determine if the company violated securities laws and is urging affected investors to report their losses [2]. - The investigation focuses on CTO's claims of adhering to accounting rules and the use of non-GAAP accounting metrics, particularly concerning the quality of its real estate portfolio and reported asset values [3][5]. Group 2: Financial Distress and Management Practices - Wolfpack Research's report indicates that CTO's management has misrepresented the quality of its properties, revealing that some are in severe financial distress and that the company relies on dilution to cover a $38 million dividend shortfall [4]. - The report criticizes CTO's definition of Adjusted Funds From Operation (AFFO), claiming it excludes recurring capital expenditures, which is not consistent with industry peers, and suggests that management's compensation is inflated based on this metric [5]. Group 3: Whistleblower Information - Whistleblowers with non-public information about CTO Realty Growth are encouraged to assist in the investigation, with potential rewards under the SEC Whistleblower program for original information leading to successful recovery [6].